Bearish Lean Deepens in Trader Data; Short Copper, S&P 500, NDX and Crude
By:
COTs Timer
Trader positioning continues leaning in a bearish direction, with one more market flipping into the bearish column: copper.
That makes four of my signals bearish. The others are S&P 500, Nasdaq-100 and crude oil. As well, the 30-year Treasury is bullish - a generally bearish development for equities.
The Nikkei is the only equity market remaining bullish in my trading system based on the weekly Commitments of Traders data.
Among commodities, gold and natural gas are bullish (but gas goes to cash in a week's time). Silver is in cash, as is the BKX U.S. Bank Index.
See my latest signals table for more details on trader positioning in the markets I'm trading using the free COT data issued by the U.S. Commodity Futures Trading Commission.
Good luck next week, and Happy New Year to Ukrainian readers! (Veseloho Novoho Roku!)
The Nikkei is the only equity market remaining bullish in my trading system based on the weekly Commitments of Traders data.
Among commodities, gold and natural gas are bullish (but gas goes to cash in a week's time). Silver is in cash, as is the BKX U.S. Bank Index.
See my latest signals table for more details on trader positioning in the markets I'm trading using the free COT data issued by the U.S. Commodity Futures Trading Commission.
Good luck next week, and Happy New Year to Ukrainian readers! (Veseloho Novoho Roku!)
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By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here